Republic Act No. 6552 also known as the "Realty Installment Buyer Act" and "Maceda Law" is a public policy that has been declared to protect buyers of real estate on installment payments from onerous and oppressive conditions. It was named after former Sen. Ernesto "Ernie" Maceda, who introduced legislation to assist buyers who fail to make installment payments and was approved on August 26,...
A lot of people engage in or watch sports for fun. Sports for rich people are also a form of exercise and also a way to spend quality time with other people. Rich people enjoy sports as well, but they tend to have a different set of interests compared to others. Sports for the rich can usually evoke an air of exclusivity, whether through the necessity of club memberships, the cost of equipment and...
Now that you bought a house and lot or lot for sale, the next step is to transfer the land title under your name or to the group of people who own the property. WHAT IS A LAND TITLE? A land or certificate of title is a document that confirms the right of a person or group of people to own and have a property claim. Aside from this, a land title is also a tool used by landowners and homebuyers to...
A lot of Filipinos are familiar with the term "estate tax", even though only a few might actually know what it means. The estate tax in the Philippines can be quite complicated and there's no easy way to do it. WHAT IS ESTATE TAX? Estate taxes are levied on the estate regardless of who gets the assets of the deceased. The executor is in charge of submitting a single estate tax return and paying the...
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